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Westside Vancouver Attached Property Market Update : July 27th – August 4th

By
Real Estate Agent with RE/MAX Select Properties

We would like to present our  ‘Westside Attached Stat Package‘, for the week of  July 27th – August 4th.  New listing numbers took a significant, if somewhat predictable, late-summer falls this past week across all of Vancouver West. We saw 57 new attached listings on the Westside this period;  down from the 86 new attached listings the previous week.  Sales transactions also decreased, with 58 attached sales on the Westside (down from 86 the previous week).   The late-summer period is historically a slow-one in the Vancouver markets (especially on the Westside), and thus the drop in activity can, on the majority, be attributed to our regular cycle.  We have witnessed a return of the international buyer with a number of individuals from the USA and Asia looking to take advantage of the pre-Olympic lull in pricing, and competitive financing options.  As per usual we expect a slight seasonal lull through the late-Summer months as people begin to take vacations, and enjoy the weather!

This past week there were 118 new active attached listings in the Vancouver West Region with 57 falling in the Westside neighbourhoods. Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) new listings in your area for that period.

The 57 new active attached listings on the Westside were distributed as follows:

University (UL) : 6
South Cambie (SC) : 1
Shaughnessy (SH) : 2
Quilchena (QU) : 1
Point Grey (PG) : 3
Marpole (MR) : 1
Mount Pleasant (MP) : 1
Kitsilano (KT): 13
Kerrisdale (KE): 3
False Creek (FC) : 5
Fairview (FA) : 14
Dunbar (DU) : 4
Cambie (CA) : 3

The Westisde neighbourhoods accounted for 57 : 118 or 48% of overall Vancouver West attached new listings from July 27th – August 4th.

This past week there were 139 sold attached listings in the Vancouver West Region with 58 (down from 86 last week) falling in the Westside neighbourhoods. Please note if your neighbourhood is not included in the weekly list it indicates there were zero (0) sales in your area for that period.

The 58 sold listings on the Westside were distributed as follows:

University (UL) : 7
Shaughnessy (SH) : 4
South Granville (SG) : 1
South Cambie (SC) : 3
Marpole (MR) : 1
Mount Pleasant (MP) : 5
Kitsilano (KT) : 22
Kerrisdale (KE) : 1
False Creek (FC) : 4
Fairview (FA) : 10

The Westside neighbourhoods accounted for 58 : 139 or 42% of overall Vancouver West attached solds from July 27th – August 4th.

If you are interested in more detailed breakdowns of sales versus listing ratios for your area please do not hesitate to get in touch with us! And remember to visit http://www.susankeevil.com and http://www.vancouverrealtyonline.com for even more real estate updates and info!

Westside resident?  Check out http://www.kitsilanoshomes.com for information, and news specific to your neighbourhood!